Borrowed money can buy love
www.moneynews.co.uk > Personal loans > Borrowed money can buy love
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Money News |
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Borrowed money can buy love
Thu 22nd May 2008
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According to the website's research, one in ten people would be willing to take out a personal loan for their wedding or charge it to a credit card.
A further three per cent admitted that they would remortgage or take out a second loan to cover the costs.
With the average cost of a nuptial ceremony coming in at £4,968, it is no surprise some people resort to credit to finance it.
Donna Werbner, financial expert at Fool.co.uk, said: "If you stick all the costs of your wedding on a credit card, you could find your big day is memorable for all the wrong reasons - because you end up paying for it for the rest of your life."
Moneyexpert.com recently revealed that average rates on unsecured loans of £5,000 and £7,500 have increased by up to one per cent in the last six months.
Related News : Personal loans |
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